4H CHART EXPLANATION:
As we can see, price is facing the bottom of the Descending Wedge. If it bounce here we expect a short term bullish movement towards the Resistance Zone, but keep in mind that the main trend still bearish as explained on the Daily Chart. It will be just a corrective movement to continue the Bearish trend.
You can check on related ideas how we predicted the last downside move!
DAILY CHART EXPLANATION:
As we can see, price is facing the bottom of the Descending Wedge. If it bounce here we expect a short term bullish movement towards the Resistance Zone, but keep in mind that the main trend still bearish as explained on the Daily Chart. It will be just a corrective movement to continue the Bearish trend.
You can check on related ideas how we predicted the last downside move!
DAILY CHART EXPLANATION: